Obama, Clinton on why Americans don't love the Biden economy

Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiNEW YORK - Former presidents Barack Obama and Bill Clinton dug into an issue that has vexed economists, political strategists and the White House on Thursday - if the U.S.'s fiscal numbers are so good, why are Americans so unhappy about the economy?

"If you're working hard, and your paycheck is getting stretched, beyond the breaking point, and you're worried about rent, and you're concerned about the price of gas, it's understandable," Obama said. Trump and Republicans have blamed Biden for high prices that hurt American pocketbooks in grocery stores, the housing market and other sectors of the economy. Biden has pointed to company profit-taking, lack of competition and argued that inflation is coming down but there is still more work to do.

The 2008 financial crisis marred and limited what Obama could accomplish, Clinton said. Biden, at the time Obama's vice president, did a"heck of a good job" running the 2009 Recovery Act then, Clinton said, as they worked to fill a $3 trillion hole in the economy. But at the end of Obama's term, people couldn't fully feel the economic progress yet. They did later.

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